Anoncoin (ANC) Falls 0.03%, Underperforms the Crypto Market Tuesday

Tuesday, August 09, 2022 06:50 AM | InvestorsObserver Analysts

Anoncoin (ANC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has dropped 2.94% to $0.01403071482.

InvestorsObserver is giving Anoncoin a 62 Volatility Rank. Find out what this means to you and get the rest of the rankings on Anoncoin!

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Moderately Volatile

InvestorsObserver gives Anoncoin a moderate volatility rank of 62, placing it in the top 38% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ANC's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Anoncoin price is trading near resistance. With support around $0.013516543168223 and resistance near $0.0141328281868459. This positions Anoncoin with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.